While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.
Lax oversight of Illinois’ little-known regional development authorities has led to questionable business arrangements with one official in particular.
Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.
The officers are facing federal charges for their alleged role in a kickback scheme involving an attorney referral service seeking information on traffic crashes.
Gov. Bruce Rauner has signed into law a measure allowing human trafficking survivors to apply to have their criminal records sealed for offences committed under coercion.
Using his amendatory veto authority, the governor blocked a proposal by the General Assembly that would have protected traditional rental car companies by stifling car-sharing startups.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.